Global Platinum Ore Market 2020

Platinum Ore Market Size

The global platinum ore market revenue amounted to $X in 2017, surging by X% against the previous year. In general, the total market indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, the global platinum ore market attained its maximum level in 2017, and is likely to continue its growth in the immediate term.

Platinum Ore Production

Global platinum ore production stood at X tons in 2017, coming up by X% against the previous year. In general, the total output indicated a pronounced increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore production decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. In that year, the global platinum ore production attained their peak volume of X tons. From 2015 to 2017, growth of the global platinum ore production failed to regain its momentum.

Platinum Ore Exports

In 2017, the global exports of platinum ores and concentrates amounted to X tons, falling by -X% against the previous year. In general, platinum ore exports continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2014, when exports increased by X% against the previous year. In that year, the global platinum ore exports attained their peak volume of X tons. From 2015 to 2017, growth of the global platinum ore exports failed to regain its momentum.

In value terms, platinum ore exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. In that year, the global platinum ore exports reached their peak level of $X. From 2012 to 2017, growth of the global platinum ore exports failed to regain its momentum.

Platinum Ore Exports by Country

Australia represented the key exporter of platinum ores and concentrates in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2017. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together committing X% share of total exports. The following exporters - Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest platinum ore supplier worldwide, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia stood at +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Platinum Ore Export Prices by Country

The average platinum ore export price stood at $X per ton in 2017, coming up by X% against the previous year. In general, the export price indicated a perceptible expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the average export prices for platinum ores and concentrates attained its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other global leaders experienced more modest paces of growth.

Platinum Ore Imports

Global imports amounted to X tons in 2017, surging by X% against the previous year. Overall, the total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the platinum ore imports increased by +X% against 2012 indices. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Over the period under review, the global platinum ore imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, platinum ore imports stood at $X in 2017. In general, platinum ore imports continue to indicate a prominent increase. Over the period under review, the global platinum ore imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Platinum Ore Imports by Country

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the main importers of platinum ores and concentrates, together mixed up X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported platinum ores and concentrates worldwide, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, platinum ore imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Platinum Ore Import Prices by Country

The average platinum ore import price stood at $X per kg in 2017, shrinking by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016, when it surged by X% y-o-y. In that year, the average import prices for platinum ores and concentrates reached their peak level of $X per kg, and then declined slightly in the following year.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other global leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform